Compliance Services
How do you keep up with new legislation and regulation? What if you have an IRS or DOL audit? We can offer you peace of mind by verifying operational compliance for all your plans and programs.
Our retirement plan experts address compliance concerns of plan administration, by reviewing:
- Plan documents for compliance with all appropriate laws, regulations and rulings
- Administrative guidelines that dictate how certain processes are to be handled
- Documentation on following the correct protocols or corrective action required
We offer full compliance research, support, and troubleshooting on all your plans. We also alert you to potential financial penalties and other risks associated with non-compliance.
We provide valuable compliance assistance on:
Defined Contribution Plans- Assist in meeting requirements for:
- Pension Protection Act
- 403(b) regulations
- ERISA
- REA/Beneficiary designations
- DOL plan asset rules
- IRS qualification requirements (e.g. loans, distribution restrictions, etc.)
- 409A deferred compensation regulations
- Perform a full range of compliance tests for 403(b), 401(a), 401(k), 457, including the proper administration of service requirements, contribution calculation, eligibility, etc.
- Review plan documents
- Perform a comprehensive compliance audit of your retirement plan(s)
- Provide guidance related to church plan compliance
- Provide representation in front of government representatives if plan audits warrant
- Prepare signature ready Form 5500 packages with attached Schedules for all qualified plans
- Work with you to file the PBGC Form electronically through the PBGC website
- Provide you with the Annual Funding Notice as required under the Pension Protection Act (PPA), for distribution to plan participants
- Review your actuarial valuation for compliance under the PPA
- Provide representation in front of government representatives if plan audits warrant
Our compliance team issues updates through our email newsletter on an as needed basis to inform you about legislation and regulatory changes. These alerts:
- Provide practical information and guidelines as to how our clients can most effectively address compliance issues and adapt to legislated changes;
- Include reminders of filing deadlines.
We sponsor webinars throughout the year on a variety of topics, including the impact of new regulations.
